MicroStrategy buys an additional three thousand bitcoins, pushing its holdings over a billion dollars with unrealized gains nearing 5 billion USD.
The software development company MicroStrategy has once again entered the Bitcoin market with an average price of over $50,000, marking one of the highest buying prices for MicroStrategy to date. As Bitcoin approaches the $60,000 mark, MicroStrategy's Bitcoin holdings are valued at over $10 billion, with nearly $5 billion in unrealized gains.
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MicroStrategy Buys Another 3,000 BTC
According to the SEC filing released by MicroStrategy, the company made another Bitcoin purchase on the 26th:
Average Price: $51,813
Amount Purchased: 3,000 BTC
Average Cost: $31,544
Total Holdings: 193,000 BTC
MicroStrategy has acquired an additional 3,000 BTC for ~$155 million at an average price of $51,813 per #bitcoin. As of 2/25/24, @MicroStrategy now hodls 193,000 $BTC acquired for ~$6.09 billion at an average price of $31,544 per bitcoin. $MSTR https://t.co/micudbYf3P
— Michael Saylor⚡️ (@saylor) February 26, 2024
MicroStrategy's Bitcoin Unrealized Profit Approaching $5 Billion
When Bitcoin was still at the $52,000 level, MicroStrategy's Bitcoin holdings were already close to $10 billion.
As of the time of writing with Bitcoin price around $56,189, the value of MicroStrategy's Bitcoin holdings has reached $10.8 billion, with unrealized gains exceeding $4.7 billion.
MicroStrategy's Seventh Highest Entry Price in History
This purchase of 3,000 BTC is also one of the highest entry prices MicroStrategy has ever made, with buying prices above $50,000 happening only seven times in the past:
April 5, 2021: Bought 253 BTC at an average price of $59,339
November 29, 2021: Bought 7,002 BTC at an average price of $59,187
December 9, 2021: Bought 1,434 BTC at an average price of $57,477
- March 12, 2021: Bought 262 BTC at an average price of $57,146
May 13, 2021: Bought 271 BTC at an average price of $55,387
February 25, 2021: Bought 19,452 BTC at an average price of $52,765
February 6, 2024: Bought 3,000 BTC at an average price of $51,813
If MicroStrategy is included in the S&P 500 index, could millions of passive investors buy Bitcoin?